Form 4: Kratos Executive Phillip D. Carrai Sells Shares Under 10b5-1 Trading Plan

Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, Inc., sold 3,500 shares of common stock at an average price of $22.1418 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On September 16, 2024, Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, Inc., sold 3,500 shares of common stock.
• The sale was executed under a 10b5-1 trading plan adopted on September 15, 2023.
• The shares were sold at a weighted average price of $22.1418, with individual transactions ranging from $21.81 to $22.50.
• Following the transaction, Carrai directly owns 272,570 shares and indirectly owns 46,644 shares through a trust.
• The direct holdings include 11,385 shares purchased through the Employee Stock Purchase Plan and approximately 3,961 shares held through the 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time, mitigating concerns about insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely to be minimal given the relatively small volume of shares sold.

Key Dates